by David Schwartz J.D. CPA | Jun 19, 2022 | All, Change Overview and Rationale, Cross-Post, Formal Regulatory Remedies
In moving to shorten the U.S. securities settlement cycle by one day to T+1, the Securities and Exchange Commission appears to have hit on something upon which virtually everyone can agree. Judging by the comments to the SEC’s T+1 proposal, everyone from State...
by David Schwartz J.D. CPA | Feb 14, 2022 | All, Change Overview and Rationale, Cross-Post, Formal Regulatory Remedies
While real-time settlement is still something that may happen far in the future, perhaps on the Starship Enterprise, T+1 is now imminent. On February 9, 2022, the Securities and Exchange Commission proposed to make T+1 a reality. The proposal aimed at reducing risks...
by David Schwartz J.D. CPA | May 15, 2017 | All, Formal Regulatory Remedies
In a May 9th Address, Michael Held, Executive Vice President and General Counsel of the Federal Reserve Bank of New York, gave his thoughts on the new compliance landscape. Held told his audience at SIFMA’s Compliance and Legal Society Monthly Luncheon that in recent...
by David Schwartz J.D. CPA | Mar 18, 2017 | All, Change Overview and Rationale, Formal Regulatory Remedies
On March 15, 2017 the Basel Committee on Banking Supervision published a second consultation paper on guidelines for the identification and management of step-in risk. The first consultation on the topic in December of 2015 set out a framework for identifying and...
by David Schwartz J.D. CPA | Sep 18, 2016 | All, Change Overview and Rationale, Formal Regulatory Remedies
The response to the financial crisis was a raft of new regulation aimed at reducing the risks posed by financial institutions. But now with strict new liquidity and leverage ratios, increased capital requirements, and restrictions on banking activities versus...
